A breakout occurred after a series of declines and consolidations. The RSI is above 60, which is a sign of bullishness. The price is trending above its 20-day moving average. The price is still below the 200-day moving average, but we will see. There has been an increase in volume over the last few days. which is a good sign. The breakout candle has proper volume, so it can't be called a fake breakout.